Investor Presentation 327.8 KB

Artisan Partners Asset Management

BUSINESS UPDATE AND THIRD QUARTER 2021 EARNINGS PRESENTATION

BUSINESS PHILOSOPHY & APPROACH

High Value Added		Talent Driven		Thoughtful
Investment Firm		Business Model		Growth

Designed for Investment

Active StrategiesActive Talent Identification Talent to Thrive

Autonomous Franchises

Managed by Business Professionals

Entrepreneurial Commitment

Proven ResultsStructured to Align Interests

Focus on Long-Term

Global Demand

Since its founding, Artisan has built its business based upon a consistent philosophy and business model.

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LONG-TERM GROWTH OUTCOME

Global Period	Degrees of Freedom Period	Total Growth
(2005-2014)	(2014-2021)	(2005-2021)

															$34.8
												$33.4
					$21.7												$173.6							$173.6
		$43.3					$105.4			$105.4
$40.4
																			$40.4
2004	Growth from	Growth from	2013			2013	Growth from	Growth from	3Q21		2004		3Q2021
	Ending AUM	Existing		New	Ending AUM			Ending AUM	Existing		New	Ending AUM				Ending AUM		Ending AUM
		Strategies		Strategies						Strategies		Strategies

In billions. Ending AUM as of Dec 31. "New Strategies" refers to strategies launched during the indicated period.

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OPPORTUNITIES FOR GROWTH

Disruption

• Depressed interest rates disrupt traditional asset allocations.
• Private markets continue to evolve and public/private distinction blurs.
• Growth of China leaves investors under-allocated to world's second largest economy.
• Financial industry consolidates and focuses on packaged solutions, scale and short-term outcomes.

… Creates Opportunity for

• Differentiated credit and yield-oriented strategies.
• Private investments from long-term investors and access to private returns beyond the institutional community.
• More-andmore dedicated-exposure to China's economy, growth and capital markets.
• Investment firms dedicated to high-value added investing and to the investment talent who generate alpha.

… That aligns well with Who We Are

• Within the next year we expect to launch several additional differentiated credit and yield-oriented strategies.
• We have successfully launched our first strategy with a dedicated private investing component, and we are actively pursuing more private investing across our firm.
• We plan to continue to expand our investing in China, which presents an extensive opportunity set and ideal opportunity to generate high-value added, differentiated returns for clients.
• We have a long history of capitalizing on industry disruption to recruit new talent and grow our firm.

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NEWEST TEAM

Leadership			Process Highlights
	Title	Investment	▪ Vast and differentiated opportunity set
	Experience
Michael Cirami, CFA	Lead Portfolio Manager	22 years	▪ Countries matter most
Michael O'Brien, CFA	Head of Global Trading	21 years	▪ Isolate risk factors and get compensated
Sarah Orvin, CFA	Portfolio Manager	13 years	▪ Embrace operational alpha

Global Bond Market (in trillions)1

EM Debt AUM Growth (in trillions)2

$54

$47

$31

U.S.	Developed ex-	EM
	U.S.

• Source: JP Morgan Guide to the Markets June 30, 2021.
  2 Source: eVestment. As of June 30, 2021.

$1.2

$1.0

$0.8

$0.6

$0.4

$0.2 $0.0

Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-	Dec-
08	09	10	11	12	13	14	15	16	17	18	19	20

EMD - Passive EMD - Blend EMD - Hard EMD - Corporate EMD - Local

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